In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
China's state planning agency has added cryptocurrency mining to a list of industries it would like to eliminate. This may have dire consequences for the country's mining hardware giant Bitmain.
There are many misconceptions around Bitcoin's energy use and why it’s required to safely and securely transact cryptocurrencies. Let's look at the larger picture.
King is focusing his energies as a member of GEAR’s Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology.